Construction Costs Management:

Project Handover and Report Generation:

At the project's conclusion, an initial handover report is prepared, signifying the completion of project execution. Based on this report, the final payment to the company is processed, and the advance payment guarantee letter is released (since the installments of the advance payment have been fully consumed, and the purpose of the guarantee letter has been fulfilled). Additionally, the reservation of the completion percentage is released. Some entities allow the release of the advance payment guarantee in exchange for providing a performance guarantee letter.

Cost Comparison Report:

This report is responsible for comprehensive control of the construction system, showcasing work items for measurement and their associated cost items. It provides a detailed analysis of deviations in quantities and prices at three levels:

1. Level 1: Initial project study (Initial Value)

2. Level 2: Modifications made to the initial study (Targeted)

3. Level 3: Actual costs incurred on the project (Actual Value)

The report includes the following columns:

1. Quantity Deviation: This is the difference between the targeted quantity and the actual quantity.

2. Price Deviation: It represents the difference between the bid price and the actual price.

3. Value Deviation: This is the difference between the initial value and the actual value.

The report also provides:

• Comparison Date: To determine the actual cost of the project up to a specific date.

• Selective option for hiding work item details.

• Capability to identify details of cost movements for a specific item.